Foreign investment in Vietnam hits US$31.8 billion

SGGP
The Foreign Investment Agency under the Ministry of Planning and Investment recently announced that total newly registered, additional investment, capital contribution and purchase of shares by foreign investors has nearly reached US$31.8 billion as of November 20 this year, an increase of 3.1 percent over the same period last year.
Of which, newly licensed projects had total registered capital of $14.68 billion, up 28.2 percent in volume but down 7 percent in value in comparison with the same period last year.

Besides, there were 1,256 times of investment adjustment with additional capital of $5.87 billion, an increase of 20 percent in the number of projects but a decrease of 10.7 percent in the amount of capital compared to the same period last year.

On the contrary to downward trend of newly registered and additional capital, capital contribution and purchase of shares by foreign investors continued to strongly climb. In November this year, there were 8,561 times of capital contribution and purchase of shares of foreign investors with total investment of $11.24 billion, an increase of 47.1 percent over the same period last year, accounting for 35.4 percent of total registered capital.

Although newly registered capital in November still declined, decreasing rate has weakened compared to previous months whereas capital contribution and purchase of shares still maintained rapid rising trend and accounted larger and larger proportion in total foreign investment. Noticeably, capital disbursement was fairly positive. In the first eleven months of this year, around $11.62 billion has been disbursed, up 6.8 percent over the same period last year.

Hong Kong (China) currently led the list of largest investors with $6.69 billion. Of which, $3.85 billion was to buy shares of Vietnam Beverage Company in Hanoi, accounting for 57.5 percent of total investment capital of Hong Kong in Vietnam. South Korea was the second largest investor with $5.73 billion, accounting for 18 percent of total foreign investment. Singapore ranked third with $4.47 billion, accounting for 14 percent of total foreign investment, followed by China and Japan.

Investment from China and Hong Kong tended to increase in comparison with the same period last year, of which, investment from China nearly doubled and investment from Hong Kong was 3.9 times higher than the same period last year.

By Anh Phuong – Translated by Thuy Doan

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